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. mitt romney will fight for every american job. >> steve: okay, that was a mitt romney ad saying they were going to build jeeps in china and it was labeled a lie. now it seems the joke is on them. chrysler announced 100,000 jeeps will be made in china next year just like mitt romney said. and joining us to weigh in on this is the president of founder of less government, good morning. >> good morning, sir, how are you? >> i'm doing okay, remember mitt romney from the great state of michigan and knows a lot about the car companies, he said you know, chrysler are going to wind up making jeeps in china the left wing media explode heed. >> yeah, ne did the lie of the year for "the washington post" and turned out to be factually accurate. i am reminded of dan rather, the documents were false, but accurate. this was exactly what, if you'll recall, paul ryan in his vice-presidential speech and in other places pointed out that barack obama gave a speech in janesville, wisconsin gm plant and said we're going to keep this open for a hundred years with the auto bailout and they closed it sta
'm dave clark. let's check weather, traffic. first we go to steve. steve, i'm feeling a change is coming. >> a very slow change but it's coming. we still have 20s and 30s on the lows. i don't think anything will come close to what we had on sunday. but still when you get 28 santa rosa. 29 livermore. each day the temps are inching upward. here is sal. >>> steve, good morning. westbound 24 traffic looks pretty good as you drive over to the tunnel. also the morning commute is not bad if you are driving on oakland freeways. let's go back to the desk. >>> oakland's public safety committee has approved a controversial crime fighting plan for the city. it was a anonymous vote by the committee late last night. tara moriarty is joining us live where that meeting tara, it almost got out of hand. >> reporter: it really did. the committee did decide to give the plan the thumbs up. now it will go before the council next week. chief howard jordan believes it will pass. he met with some pretty stiff opposition last night. as did members of his staff. [ inaudible ] >> reporter: officers the chief himsel
hard to get steve jobs back, so i have that going against them. rehabilitating when they were on the floor that introduced all of these products including the iphone in 2007. the iphone do not have much competition for the first few years after it was introduced. the first android phones from google were not that good, but the combination is very powerful and apple just as proof how fast things can happen is just how fast iphone five sales have slowed down. david: this is an epic business story. books will be written of how apple lost this extraordinary lead they had with a few months ago they would not lose for years, if ever. what is the lesson, what did they do wrong? thinking they could do no wrong? or what? >> that is a great question, david. steve jobs said something very valuable in the next 90s interview when he was out of apple telling the apple executives not to be greedy and live on high margin products because it would not last. you can substitute iphone for mackintosh and the same thing would be true today. they thought they could live in a world they could dictat
that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executive at countrywide financial, one of the epicenters of the crisis. >> do you believe that there are people at countrywide who belong behind bars? >> yes. >> do you want to give me their names? >> no. >> would you give their names to a grand jury if you were asked? >> yes. >> but eileen foster has never been asked, and never spoken to the justice department, even though she was countrywide's executive vice president in charge of fraud investigations. at the height of the housing bubble, countrywide financial was the largest mortgage lender in the country, and the loans it made were among the worst, a third ending up in foreclosure or default, many because of mortgage fraud. it was foster's job to monitor and investigate allegations of fraud against countrywide employees and make sure they were reported to the board of directors and the treasury department. >> how much fraud was there at countrywide? >> from what i saw, the types o
in today's "closing bell" exchange by hank smith and steve from comcast funds and our own rick santelli. >> hello. >> good to see you guys. >> thank you so much for joining us. >> hank smith, we haven't heard from you in a while. let me kick this off with you. how are you investing going into all of these earnings coming out from the banks this week as ahead of that debt ceiling debate? >> sure, maria. our equity portfolios are fully invested. we see no reason 2013 can't deliver very similar returns as 2012 did. the fact is we still have a good fundamental backdrop. the economy is expanding. it's not contracting or growing. value sheets are strong and valuations are very attractive so what is there not to like? >> you're our resident skeptic today, and i would point not to the normal averages that we quote every day, but look at the dow transportation average which could close at an all-time high today. the transportation companies, often a leading indicator for the economy. if they are doing well. chances are the economy is going to get better. wouldn't that make you want to buy stocks
about winn? nonetheless, steve wynn has put a lot of resources into macau, the vegas of china. things are getting better over there. i think wynn's a buy. then there's companies like boeing, which rallied despite terrible press. all of these companies that expanded rapidly around the globe and they have been roaring despite no research-oriented news that would make you feel all warm and fuzzy about the numbers. you can even consider dell part of this trend. yes, dell, the big service company that has been hurt by this rapid expansion at a time when no one trusted overseas markets. now dell might actually go private. ♪ hallelujah and it would make sense because half of dell's revenue comes from overseas. big companies with exposure to europe is doing terrifically. both have been kept back by worries. both ceos have said over and over, it's an issue. how about ford and general motors? have you seen these two? ford may have the best chart in the book. it's screaming. company doubled its dividend and getting european losses under control while china and latin america turned the corner.
grove, craig barrett, titans. go back to the steve jobs, talking about the stodgy intel. there's a funny moment where andy grove basically told him to shut up. but there is a sense that intel didn't move fast enough. at one point they're talking about, listen, our battery life will start exceeding the arm. put on your apple hat, all right? they would rather do business with samsung's chip, even though samsung is their biggest competitor, than switch to intel. >> what are we missing? there's uniform negativity here. we'll look back on it at end of this year and say, wait a second, we should have thought of that. >> don't throw that. >> that pc was bad, and they had every right to go out the window. all right, i've calmed down. >> there's no hope? >> anytime you have that budget, you can do it. i like stacy very much. it's a great manufacturer. there's hope. >> okay. >> there's hope. same level of hope. silver lining theory i call it. >> okay. when we come back, a wall street analyst known for being a longtime bear on netflix. and from textbook reynolds to the linked-in for college student
this as they contemplate cutting funds for social security and medicare? an economist with ftn joins us and steve liesman, of course, our own senior economics reporter. good to see you both. lindsey, what kind of a threat is this to the economy? how do you see this? pretty scary stuff actually. >> i really don't see this as that big of a threat to the u.s. economy. i think this store sea little misleading talking about 401(k)s being drained by 5 25%. what this is 25% of new money. on net we're still seeing over 200 billion flow in on an annual basis to 401(k)s, a soyuzable amount of savings and it indicates that individuals look at 401(k)s as a vital vehicle for retirement savings. plus, that 25% is not just cash withdrawals, also loans against the balance, and in some cases it makes perfect sense to borrow against your 401(k). for example, if you're thinking about purchasing a car, taking out an auto loan, why wouldn't you borrow against your 401(k), you end up paying yourself back on the interest on the loan. >> i think that's crazy. i think that's absolutely nuts. where is your retirement money if you
? steve liesman has more on that. steve. >> the questions are not easy. they again into sell mandics and have everything to do with if the debt ceiling is solved, and if only for investors, the most important part, what's the economic impact? let's look at some of the rhetoric. the debt ceiling, is it a real tragedy or soap opera? what we have done is graduate the screen from blue over to red, democrat ideas on this side, red on this side. democrats right now hitting the debt ceiling, not raising it. so some republicans say it's manageable. on that issue carl mentioned of default, any missed government employees, that would constitute a default. others are say no, no, we're not paying off the debt itself, that's what default is. on another critical issue, could the government prioritize its payments, take the payments, the cash that's coming in and use it to pay a certain number of things? on this side,ed article mrgs is saying no authority to prioritize, and no ability, and the treasury have different payment systems. republicans say yes, and in fact they're working on a bill right
inaugural address. one thing was almost missing, though. jobs. joining us with more is steve moore. he laid out his agenda, a whole host of things. why not focus on jobs. does he think that this recovery is so on track that jobless rate will continue to fall, steve? >> i was struck by that also. in the whole speech, he did not talk about jobs. he did not talk about private business and entrepreneurs. it was a very pro-government speech. the president has a big challenge ahead. we still have a near 8% unemployment rate in this country, chipolte, over the last four years of this suppose it recovery. i do not think he mentioned the word jobs in that entire speech. dagen: three times. we did a quick count. >> i stand corrected. dagen: if you go through the list of things that he covered, that he wants to tackle, i said gun control at the top, immigration, climate change, equal pay for women, i could go on, but if he focuses on this, what does that do to the economy? what does that do to jobs? if you look at the broad overall agenda, i do not think a lot of this helps the economy much and i do n
. these guys, they remind me of steve jobs used to call these press conferences. and you say, you know ha he's going to do? he's going to unveil x and it turns out to be 10x. is mark zuckerburg capable of that amount of surprise? i don't know. >> he actually came up with the goods. >> it's so exciting. >> i have no idea, all i know is they've got a lot of shareholders who are much happier than they were not long ago. one harkens back to the week when it went public. think of morgan stanley, the criticism that firm took as a result of that ipo. the ceo said give us a year, let's see where things stand. maybe he'll end up looking better. >> would you use a video messaging product on facebook if we got that? >> well, i wouldn't. >> are you on facebook? >> no, i am not. >> that would be a bainier. >> however, i'm sure many would. >> i think so. 1 billion users. >> some sort of a voiceover ip, skype, they would go there, microsoft bought skype, or at least had looked at it, would they go down that road. i don't know. we'll see. >> they've done a good job of keeping the lid on it. nothing's leaked
, including our own rick santelli and steve liesman. it's all about the fiscal cliff in that report, isn't it? >> taken by itself not a bad report, moderate to modest growth, real estate not doing too badly. all the comments, i didn't finish counting them up, but the word fiscal and uncertainty both appear several times in the beige book, and the clear impression, bill, is that uncertainty over the fiscal situation is already hurting the economy, delaying hiring plans, capital investment plans and really everything from auto dealers in cleveland to farmers down in texas have cited the fiscal cliff as a major concern. that's something that's influencing their decision making right now. >> you would expect that given the fact that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cent
of the president's second term agenda will be easy with the republicans in congress. take texas congressman steve stockman. he replaced ron paul and is making noise about impeaching the president. it's his second go around in congress. in '94 he was considered far to the right. now he fits in with some of these people. it says a lot how far they have come. >>> finally let me finish with a need for republicans again to choose sides. the wild bunch or the posse? this is "hardball," the place for politics. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta
. >> in today's "closing bell" exchange. carol roth author of "the entrepreneur equation" and steve saks and michael from janney montgomery smith. good to have you here. let me start with you, scott. what do you think about this move? are we going to get more of this? is this just the beginning, or are we in for pullbacks considering what could be coming to washington the next couple of months? >> i think pullbacks are norm a. let's face it, the last couple of months have been a big party. ben bernanke invited us and i don't think the punch bowl goes away. >> the fed is the key issue right now. does that trump the fundamentals, all the earnings we're getting, you pay more attention to the fed? >> you think we have low growth and quite frankly investors are starved for air. they have been holding their breath for four years. there is no oxygen in any other market. there's no place to go for yield. therefore, essentially i think ben is terroristing it to the point to where they got to jump into risk assets and that's what we're seeing. >> david, does that make you bullish as well? >> david
't know if it's going to be a one more thing moment when we grew accustomed to with steve jobs. but mr. zuckerberg has left the stage with what he calls graft search, only available in english today. much more work to be done on that. we've seen facebook sell off in the wake of the news. it's interesting in the context of the conversation youer having sue gives moto the very well respected text blog. they have a headline out that says facebook just declared war on google. meet your new search engine. that's how at least that influential blog is spinning the story and it plays to what david was mentioned. >> yeah. you keep stressing this could be good for microsoft as well. why? you were explaining there was a default. >> microsoft has been a source of it. they have a very close partnership which continues to improve, by the way. so, you know, they haven't described all the details of how this is going to work, but if you're going to go to the search box on facebook looking for what your friends like in laguna beach or what surfers like and you don't get what you're looking for, you're
is there. >> wall street is it watching sac capital, steve cohen, one of the largest hedge fund managers out there, the company and he reportedly disclosed that the firm received a wells notice from the sec which means it could be sued for securities laws violations. is that true? >> i -- >> can you comment? >> i will not comment on any investigation but as you bring up insider trading i will note over 160 cases in the last three years. nearly $900 million in illegal gains or losses avoided we have charged. so another area we have been extremely vigorous and active. >> how many insider trading cases are currently in the pipeline? are there dozens more you're looking into, is that fair to say? >> i don't want to put a number on it and remains a high priority and active area. >> what about in high speed trading, high frequency trading? the sec is concerned about that. are you looking into any potential securities law violations with high speed trading or high frequency trading? >> look, we're looking at a sort of number of actors and transactions in the market structure case. we brought ca
big thing. we're going to welcome steve blank to the set right after this break. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to "squawk box" this morning. our next guest was a serial en
committee, steve scalise from louisiana. so we're going to be a deadbeat nation and this is important, republicans are anti-old folks, anti-young people, anti-sick people. all of those horrible things. what's year you action, sir? >> you know, it just sad this is what president obama is going to become in his second term. he seems to be the only person in washington that wants to talk about the nation defaulting on its debt. i think there's nothing that could be more irresponsible for somebody to suggest that america would default. i don't want us to do that. but just remember the debt ceiling the fact that we're hitting up against this max on our credit card again is a symptom of the spending problem in washington and president obama doesn't want to recognize that that problem exists. >> when you say no one is talking about defaulting on the debt, does that also include letting the debt ceiling lapse? >> well, you know, larry, what we're once again up on the debt ceiling. we have been here before, a year and half ago we were having this debate again. i supported a plan cut cap and ba
. republican congressman steve stockman from texas says he'll take action to stop presidential directives including filing articles of impeachment against president obama. >>> the national rifle association has released a target shooting app on itunes approved for preschoolers ages 4 and up. nra practice range includes a shooting practice feature, safety tips and state-by-state gun laws. >>> the white house has rejected a petition calling for texas to secede from the u.s. the response from the white house said that free and open debate is what makes this country work, but we don't let that debate tear us apart. >>> jenny sanford says she will not run for congress from south carolina against her ex-husband, mark sanford. she says, quote, i think my job as mom right now is much more important. >>> ann romney, wife of the republican presidential candidate, said during the 2012 campaign that she was a big fan of "dancing with the stars," but it's reported that romney said no to an invitation for her to appear as a contestant on that show. >>> former president bill clinton was a big hit at "th
moment to become steve jobs. what is it going to be? >> we don't know if this point to be a phone or not. this is very intriguing. the only time that we have seen marked zuckerberg irk was when his company was humiliated. ever since then he has been met. i do not mean that in a better way peppery epo >> the time is now 6:48 a.m.. it will not get a look at the weather. >> is cold and it is frosty in certain spots. as we look at the numbers currently is 28 degrees for santa rosa. novato is up to upper 20s. we do have a freeze on one morning and frost advisory. if you should protect your crops. the cold temperatures are in the protected valley's. the winter weather advisories will expire at 9:00 a.m.. there will be patchy frost but we will have on a warmer afternoon. >> it will be dry and the bay area as we focus our attention on today. san jose is coming in at 56 degrees there will be plenty of 60's and in danville. it will be a sunny day in store for the north bay. napa is at 55 degrees and 53 degrees for san francisco. satellite and radar shows that high pressure is raging. we will have
in chicago. steve liesman is in studio. steve, one thing on the daily news, charlie sheen is going to be a grabbndfather. isn't he 47? >> anthony weiner. anthony weiner still spending money out of his campaign account. >> that's legal, right, in the state of new york? >> it is, lawyers and fees. >> among other things. if i see an article about anthony weiner, i read it because of the bell. >> joe is stalling for time. we have 31 seconds. >> i could have asked you a question. i'm saving viewers from one of your answers to a question. i'm kidding. what are we looking for in the cp cpi. >> i will tell michele. i'm note talking to you, joe. it's supposed to be unchanged, food and energy, inflation for the miami is not the problem, if it's the problem now. >> because we're winning! ric rick. >> here we go. survey says unchanged on headline, just as steve pointed out, as expected. strip out the all important food and energy, we're up .1, we look at year-over-year, headline up 1.7, a tenth lighter than last year expectations of 1.8. just spot on year-over-year, food and energy at 1.9. tha
fingers, because when the government comes to my door, i've got to fight back. a very smart guy, steve chapman, said that's the exception. i spent a lot of time out there. there are a lot of people who believe that, and we've got to get beyond that discussion as well. and other nra members who are in the sporting weapons business, who are there because they like to get access to the information about hunting and the wide use of weapons, they've got to speak up. >> reverend al, i go back to the video games or movies or violence that's in the media, there is such a terrible response from those who want to defend the freedom of those things, that you can't even have a conversation. >> no -- >> it's obvious. >> i think that the abuse of the second amendment cannot be met with the abuse of the first amendment. >> right. >> i think -- >> you've talked about this, by the way. >> i've talked about it. i've even challenged rappers and artists and record companies. because you may think you have the right to say it. i have the right to oppose it. and i think the public has a right to say we're g
so. representative steve stockman from texas said "i will seek to thwart this action by any means necessary including but not limited to eliminating funding for implementation, defunding the whouite house and filing articles of impeachment." digging in his heels president obama says he will not trade cuts in spending in exchange for raising the borrowing limit. he says trimming the budget deficit should be a different discussion. >> to even entertain the idea of this happening, of the united states of america not paying its bills, is irresponsible. >> house speaker john boehner responded to this by saying the american people do not support raising the debt ceiling without reducing government spending at the same time. you can see the battle lines there very clearly. are you in hawaii or headed there? think twice. beware of getting in the water. check out this video. that's right, sharks near oahu's yokohama beach, two sharks were spotted swimming very, very dangerously close to the shore. i hope that guy's feet are not in the water. >> wow, that is super shallow. >> if steve stock
in lake michigan causing cargo ships and barges to liken their loads. connell: let's go to steve now on how it can impact your wallet. >> because we have had such low water levels, it will impact your wallet. it has been dry in the region. we have had light rains in the summertime in that has produced lower water levels in all of the great lakes. if you are wondering just how low it is, we have a graphic to show you. between 87 and 97, the water drop a foot. between 94 another foot lower. it is at historic low water levels in lake michigan. cargo companies will have to carry less. >> you cannot strike bottom. you have to maintain a safe distance. when the water levels go down, we have to reduce our load. >> the catch is that when you are shipping the very biggest loads by boat is the cheapest way. you can go by train, you can go by truck, what have you. if you are going to try to get there, you need to ship by barge or five oh. >> we have a lot of manufacturers here along the river system. you take away the barge auction, you could see ten, 20, 25% increase. that gets passed onto the
stay there and get some more commentary on these numbers. steve liesman is here on set. john writing is chief economist at rdq economics. steve a lot of numbers to run through. >> yeah. >> retail sales a little better than expected. bad news is the empire state numbers. >> we've had weakness there, and the weakness remains, and the problem i'm having right now, becky, is the drawing an income chart of the two guys on my side and this big dip that would happen with me in the middle here. i'm incredibly focused on that. >> leverage. >> i'd be part of the mean. vehicle sales had a good month. this is the number that will give us the final tally on the christmas sales. and at least for a moment, settle the debate. that's before the revisions. over what kind of christmas it was. and it's not looking too shabby. 0.4 revision for november. trying to look at the core sales were 0.6. so that's not too bad, either. and then 0.6 as well in december. the ppi under control, 1.3% year over year. rick said. and maybe just bring in john riding here. john, two things. one is the how good a christmas
. let's get to steve liesman who has a report on the debt ceiling. >> andrew, thanks. we want to look at the economic effects of the debt ceiling. kind of in context with what each party is saying about it and how investors might put it into a matrix to make up their minds about what is really going to happen with the question. is it a real tragedy or a soap opera? if you look up here, we've graduated this there blue to red, meaning democrat on this, republican on that side. you know, the democrats are starting to say if you go over the debt ceiling, you hit it, calamitous. and you have other words from damaging to manageable, republicans saying we can do this for awhile and it will be okay. i want to look at specific issues here. democrats say any missed government payment is a default. republicans say, no, only when you don't pay the interest on the debt. how about on the issue of can the government prioritize payments so that the incoming cash equals the outgoing cash? really the republicans -- i'm sorry, democrats saying no authority to do this and really no ability to program our
, it depends which one has the bigger problem at any point in the day. >> steve, thank you very much for joining us. >> my great pleasure. thank you. >> 47 million in 2012. he stays in california, tax bill is $29 million. so if he moved to florida, he would save $6.25 million. >> the tax bill is 29 million? >> 29 million out of 47. that's not bad. that's pretty good. but he could move to florida and keep half, basically keep half instead of keeping 18 out of 47. >> for a guy who is on the road a lot of the time. >> and then the asteroid thing, i saw what al rockier was able to -- he got a lot of mileage out of that story. >> so are you about to make a confession? >> it's not really true. today i'm feeling fine. coming up, i'm going to start being more open. >> more open? i know everything about you. >> to viewers. >> our viewers know just about everything, too. >> if i feel like i have to burp, i am going to -- >> you are not a closed book. >> could you be more open than al roker about something? >> probably not. >> probably not. so every little thing happens to me. >> oh, boy, viewe
people, i have to tell you, they're hacks. steve schmidt is a lightweight, a guy who did a horrible job running john mccain's campaign. >> i always said the worst president was jimmy carter. guess what. jimmy carter goes to second place. barack obama has been the worst president ever. >> oh, donald, little advice here tonight. don't take your frustration out on dead spin. they only told you what the rest of the country has been thinking for years. tonight in our survey, i ask you, do republicans finally realize the consequences of holding the economy hostage? 31% of you say yes. 69% of you say no. >>> coming up, the controversy overcoming clean. find out why lance armstrong's confession is not impressing the people who matter most. we'll talk about that with a psychologist next. [ male announcer ] coughequence™ #8. waking the baby. [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don't suffer the coughequences™. i have a cold, and i took nyquil, but i'm still "stu
. steve jobs. do you know who these two guys are? i don't know how this guy got in the picture but these two this is jim and mike. if p you were canadian like me, you'd know. these are the guys who created the blackberry. this one. which a lot of people still use. the problem with these guys is when the makers of the blackberry first saw the iphone they looked at it and said, not really, probably a flash in the pan. look at what happened. take a look at blackberry versus iphone sales. blackberry sales are the ones in the red line. iphone sales in the other line. go back to 2007 when this all started, the iphone came out. these sales were going similarly. in 2010, the reason the iphone jumped the way it was is a lot of major companies who until then had only let their staff use blackberries bowed to the pressure to use the iphone and said let's get iphones in there. iphones took off. they've come down, as well, a little recently, but see what happened to blackberry? those sales just dropped off. but blackberry's maker, research in motion, could be ready for a comeback. why? well
through, it could mean higher prices for you. steve brown is live in chicago. >> we have gone through a dry time here in the midwest. we have had back-to-back low snow winters in a dry summer last year but that added to what has been kind of a historical fall water levels for the great lakes. in 1987 they were about average. in the 10 years afterwards the water levels dropped about a foot. in the 70s after that they dropped another three. up until now, another one. 5 feet lower means ships have to travel with less to carry. speaker you can't strike bottom, you will put a hole in her boat, see how to maintain a safe distance between the bottom of the ship in the bottom of the lake and the bottom of the harbor. when the water levels go down, we have to reduce our load. >> certainly traveling there are other transportation options. trees, trucks, but if you have the largest of loads the best way to ship it is by barge or by boat. >> we have a lot of manufacturers with big old shipments. you could see 10, 20, 25% increase in shipping costs getting passed on to the consumer, so there is a
had irs skin bow er sk erskine bowles on. and steve rattner agrees and good democrats agree medicare and medicaid are going to bankrupt us. this president is doing absolutely nothing at all! nothing at all to save us from the debt crisis. >> in fairness, that's two separate conversation, the debt ceiling versus how we balance the two programs, i should say create reforms there so we can create new savings. you know as well as i do, the debt ceiling, they ran these bills up a long time ago. whether they should have or not and whether the president should be more responsible in this conversation, i would agree with you. to reduce the debt ceiling, we talked to businesses outside of new york, if we don't raise the debt ceiling, it's a potential, reality for wrecking -- >> that's the wrong time. >> the debt ceiling is the wrong time to do it. >> saying you can't do it with the debt ceiling, can't do it with the fiscal cliff, can't do it shutting down the government. all i'm talking about, the president of the united states has absolutely no is in no position to talk about who's being rec
there. periodically getting a new story. we have maria over there, and steve liesman, i mean, it's really -- we're bringing out the big guns. we've got the bazookas there. >> yes, we do. yes, we do. >> it's big. >> it is big. a couple of years ago is when the arab springs started, we were in davos. >> that's right. >> all right. microsoft's there. bombers under fire again. he's under fire constantly. >> it's been a long time. >> let's get a look at the opening bell here in a few seconds. the s&p, as you know, an interesting day, a bit of a run-up here on friday afternoon. let's see how that translates into today's session. at the big board, celebrating the ipo which happens on friday. nasdaq, another ipo from friday, a global enterprise center provider. among the more interesting stories in the papers today, david, deconstruction of what led to the autonomy. interesting color. >> those are always fascinating to read. great reporting by the journal. just in terms of understanding the decision-making, or lack thereof, the directors of the ceo, the pressure he felt he was under. and
be receptive? steve more of the "wall street journal" senior economic writer joins me on the phone. what did you think about that? >> great to be with you. you know, the problem for chuck schumer is not so much getting republicans to get used to it. what about all those red state democrats in the senate. those are the people that are probably hyperventilating right now over what chuck schumer said if you look at the l.a. tour map, there are six, seven, or eight red state democrats that face reelection in 2014. melissa, i don't think too many of them are relishing the idea of voting for another tax increase. i wonder whether the chuck schumer, harry reid budget could pass the senate, even with just democratic votes because you have so many people that are up for reelection that are going to be very reluctant to stick their necks out and vote. by the way, as you know, we just had a $600 billion tax increase in the fiscal cliff negotiations. plus, we had $520 billion of new taxes from obamacare. this would be the third tax increase. melissa: i really hope you're right because i feel their is a
zuckerberg taking a page out of the steve jobs playbook with highly touted mystery event. did the announcement live up to the hype? analyst rob enderle is here next. ♪ . >> the write did -- the wait is over. mark zuckerberg revealed his loaning awaited project. shibani joshi is following the event. describe the new search technology facebook is day you booing. >> i want to show you what is happening to facebook shares. they are at session lows. down 1.6%. buy on the rumor, sell on the news is exactly what investors are doing right now. we didn't get a phone. we didn't get anything else that we thought about. some video ads. what we're get is a new search feature on facebook that does not compete with google. so i want to show you what is happening with google shares. google shares took a dip while, facebook shares took a dip while google shares went upwards on the news. people say this is less a direct competitor with google and more a direct competitor with linkedin or even yelp. linkedin shares are also down on the news. here is basically what the company announced. a new
,000 shares of apple for $7.47 each. they were given to him virtually by steve jobs himself. he paid 444 -- $445,000 for the shares that are worth nearly 30 million dollars. you want to go that with chris? do you think that's great? >> a great gift. i don't see anything wrong with it; right? what's wrong with it? it was a gift. stuart: it's al gore. >> and that's what makes it wrong? stuart: yes. >> you want me to comment on al gore getting a gift of shares and you don't want me to comment on raising the debt ceiling? kicking the can down the road once again? this show kicks the can down the road three years later we are together. i think we talked about the debt ceiling three years ago? stuart: we did. what do you think about this gift? what do you think, accountant? tracy: i think the irs is doing a happy dance, they've got big tax collections on it. >> as long as he pays taxes on it, i don't have a problem. >> save me. charles: all i can do is echo you, i just have a big problem with al gore. stuart: thank you very much. tracy: this is why charles and i are still on the show and chris
and utter a threat of impeachment against president obama. steve stockman, republican of texas, over the gun issue, said, i will file an impeachment resolution against him. so it really is much the same. there's an oppositional, almost insurgent republican party and democrats who have been sometimes naive about what the opposition really feels, what they're really ready to do, especially the sort of core, hard-core wing of the republican party. >> hey, peter, robert gibbs was just on with us, and it's something you just mentioned. the level of exhaustion within the white house, of the people re-interviewed, that you went back to this year, four years later, how many of them mentioned the exhaustion factors as a component part of what happens to them? >> oh, sure, all of them, basically, i think, suffered it from some way or another. melody barnes, you just had on your program, talked about sleeping with her blackberry and waking up with a start at 3:00 in the morning, suddenly, you know, trying to think about something she hadn't done or worrying about some crisis that was going to happen. c
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